Reported 3 days ago
Germany's economy faces significant risks from US trade tariffs, which could hinder growth for years, according to Bundesbank President Joachim Nagel. The country is already in an industrial recession and struggling with high energy costs and competition from subsidized Chinese products. Projections suggest that the tariffs could lead to a 1.5% decrease in economic output by 2027, impacting Germany's recovery while also negatively affecting the US economy.
Source: YAHOO